BYJU's unable to pay staff, says investors blocked funds raised from recent rights issue

BYJU's unable to pay staff, says investors blocked funds raised from recent rights issue

FILE PHOTO: People walk past an advertising hoarding of Byju's, an Education Technology company and one of India's biggest startup, outside one of its branch in New Delhi, India, June 23, 2023. REUTERS/Adnan Abidi/File Photo

Indian edtech startup Byju’s is unable to pay staff because it can’t access recently raised funds due to a legal dispute with some of its investors, founder and CEO Byju Raveendran said in an email to employees on Saturday seen by Reuters.

Edited by: Pramod Mathew

Byju RaveendranByju'sedtech

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